The Port Authority of New York and New Jersey wants to sell 1 World Trade Center | Crain’s New York Business

  inheritedlink: /apps/pbcs.dll/article?AID=/20160904/REAL_ESTATE/160909960&utm_campaign=socialflow&utm_source=facebook&utm_medium=social&template=rwd& morning10: One World Trade Center sits at the heart of America’s most hallowed ground, a 1,776-foot-tall icon that concretely testifies to the city’s rebirth after Sept. 11, 2001. But as an investment for its owner, the Port Authority of New York & New Jersey, it has been a bust. Fifteen years after…

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‘No Vacancies’ for Blacks: How Donald Trump Got His Start, and Was First Accused of Bias – NYTimes.com

In 1966, as the investigative journalist Wayne Barrett detailed in “Trump: The Greatest Show on Earth,” a New York legislative committee accused Fred Trump of using state money earmarked for middle-income housing to build a shopping center instead. One lawmaker called Mr. Trump “greedy and grasping.” By this point, the Trump organization’s business practices were…

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Interactive Map Shows Manhattan’s Many Vacant Storefronts: Gothamist

The NYC real estate market continues to squeeze both renters and buyers, yet vacant storefronts still plague even so-called “trendy” neighborhoods. There are several frustrating reasons for all of this conspicuous urban blight, which is one of the reasons why freelance developer Justin Levinson has assembled a comprehensive map of all the vacancies around Manhattan,…

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Struggling Twitter lists over 183,000 square feet for sublease at S.F. HQ – San Francisco Business Times

Twitter Inc. has listed 183,642 square feet of space in its Mid-Market headquarters for sublease, according to marketing materials and a source familiar with the property, as the company struggles to compete for advertisers and user growth has slowed. The social media company (NYSE: TWTR), which is San Francisco’s second-largest tech employer, has an immediate 78,792-square-foot availability at…

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Overseas investors are ditching the pricey US home market—especially ones from China — Quartz

Overseas buyers are now retreating from the US home market, thanks to slackening world economies, higher home prices, and a strong dollar. This week the National Association of Realtors released its annual report on international buying. It found that together, resident and non-resident foreigners invested $102.6 billion in the US home market between April 2015…

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Donald Trump is the only New York City billionaire to receive middle-class tax break | Crain’s New York Business

  Height – 1536 | Width – 2048 Photo: Bloomberg Donald Trump is the only billionaire in the city to get a middle-class tax break. Earlier this year, Crain’s reported that Donald Trump received a property-tax break for middle-class New Yorkers. That revelation raised questions about just how wealthy the presumptive GOP presidential nominee really…

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Airbnb Sues Hometown San Francisco to Block Rental Rules – Bloomberg

Airbnb Inc., the second-most highly valued San Francisco-based startup, sued its hometown over claims the city’s rental restrictions violate protections for internet companies and its free-speech rights. The company is hoping to avoid thousands of dollars in daily fines it could face when a new San Francisco law takes full effect next month. The law,…

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Airbnb and house-sharing firms reduced New York housing stock by 10% – study | US news | The Guardian

Short-term rental companies like Airbnb are flooding New York City’s housing market, reducing available housing stock citywide by 10%, a new study has revealed. More than 55% of rooms or apartments listed on Airbnb in New York are illegal, according to the report, which is the result of research commissioned by two affordable housing advocacy…

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